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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Manoj Vaibhav Gems 'N' Jewellers Limited is an India-based company. The Company is engaged in the business of jewelry. The Company operates its jewelry business under the brand name and style of Vaibhav Jewellers. It has a jewelry retail chain with a presence in the markets…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A middling, steadily growing business, trading cheap versus its own history — but flagged on governance.
MANOJ VAIBHAV GEM N JEW L is scored on the general / industrial framework. It keeps a slim 4.2% of every rupee of sales as net profit. Cash conversion lags the reported profit (CFO/PAT 0.23×) — worth a closer look. Free cash flow is worth about 3.3% of its market value.
Over the last 3 years revenue compounded at 11%/yr and profit at 17%/yr. Book value itself has compounded 34%/yr — the hallmark of a genuine compounder. Return on equity is a healthy 13.8%. In the latest quarter profit fell 2% versus the prior quarter.
At 7× earnings, the stock sits at the 15th percentile of its own 3.1-year range — the cheap end of where it has historically traded. Today's price asks for only ~-6%/yr growth over a decade — undemanding expectations. The forensic screen raises 2 red flags: Only ₹0.24 of cash per ₹1 profit over 4 years — earnings not converting to cash; Share count up 25% over 4 years — heavy equity dilution.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 6.95 | 4.9 | worse |
| P/B | 1.02 | 3.37 | better |
| EV/EBITDA | 6.04 | — | — |
| ROE | 13.8 | 25.07 | worse |
| ROCE | 14.29 | — | — |
| ROA | 6.54 | — | — |
| Quick Ratio | 0.16 | — | — |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Titan Company | 63.0 | 24.3 | 38.5% |
| Kalyan Jewellers | 42.5 | 9.7 | 21.4% |
| Lalithaa Jewellery MART L | 20.7 | 5.1 | 34.5% |
Revenue has grown every year across all 4 financial years shown. 11% CAGR over 3 years — steady double-digit compounder.
Net profit has risen every year — the hallmark of a compounder. Profit is growing faster than revenue (17% vs 11%) — margin expansion is at work.
Operating margins have been stable around 6% — no major structural shift.
ROE at 14% — a respectable return on shareholder capital. Capital efficiency declining — ROE down 7pp.
Profit grew faster than EPS (17% vs 9%) — share dilution is eroding per-share value. 9% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
1 of 4 years had negative operating cash flow — profitability on paper may not translate to cash. Cash conversion at 0.2× PAT — reported profit isn't translating into cash, raising earnings quality questions. Raising capital despite positive cash flow — could signal expansion plans or opportunistic fundraising.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue fell 6% QoQ — could be seasonality or a genuine slowdown.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.1y median.
Promoters hold 74.3% — heavily owner-operated with strong skin in the game.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.